Genius Group Boosts Bitcoin Holdings to $100M with $33M Rights Offering

Genius Group, a pioneering AI-powered education company, has announced a significant move to bolster its Bitcoin holdings. The company launched a rights offering on Friday, January 24, 2025, with the aim of expanding its Bitcoin Treasury to a substantial $100 million.

The rights offering provides existing shareholders an opportunity to purchase additional ordinary shares at a discounted price of $0.50 per share. Shareholders of record as of January 24, 2025, received one transferable right for each share they held, which can be exercised to purchase one new ordinary share at the subscription price. Shareholders who fully exercise their subscription rights can also buy any remaining unsubscribed shares, allowing them to increase their stake. However, selling the rights will forfeit the ability to purchase additional shares.

The rights are currently trading on the NYSE American under the symbol “GNS RT” and will continue to trade until February 13, 2025.

The Company plans to use 100% of the net proceeds of the Rights Offering to purchase Bitcoin for its Bitcoin Treasury. If the Rights Offering is fully subscribed, the proceeds could reach up to $33 million. Additionally, the company aims to secure additional loan financing of up to $22 million, potentially increasing its Bitcoin holdings from approximately $45 million to $100 million.

This move aligns with the company's previously announced strategy to allocate 90% or more of its reserves to Bitcoin, with a target of $120 million. If the rights offering and loan financing are fully subscribed, the company will reach over 80% of that goal.